Morals matter: The influence of morality on economic behavior goes both ways: Economic conditions shape moral values, but those values shape economic outcomes. #Development@IMFNewsimf.org/en/Publication…
The main effect of tariff insanity:
Uncertainty poisoning supply networks, degrading a lot of relationships at once.
That scar tissue will linger for a long time.
1/
Recently Yann Yann Calvó López and I wrote two posts on @Noahpinion where we detail how vulnerable modern supply networks are.
A trade war triggered by Trump's chaotic tariffs is the same type of aggregate shock as the Covid crisis, but worse.
2/
noahpinion.blog/p/americas-sup…
RIP Boris Vasilievich Spassky
One of the most talented players of his generation, the 10th World Champion Boris Spassky has passed away at the age of 88.
Spassky was considered a chess prodigy. He attained the Grandmaster title at the age of 18 and made his debut in the…
Modern supply chains don't look like trade theory 101!
They involve constant border crossings, each now hit by tariffs.
Tariffs raise prices, but the more important thing they do is disrupt supply relationships.
1/
graphic h/t @scottlincicome .
Democracy vs oligarchy, the fight of the century
Trump's return to the White House must not lead to despair: democratic forces remain strong in the US as well as in Europe, India or Brasil. They will prevail!
lemonde.fr/blog/piketty/2…
This is from The Tonight Show with Johnny Carson aired on May 20th, 1977.
Carl Sagan says something very important, a strong message that didn't lose any validity since then.
At the current rate, it will take more than a century to #EndPoverty.
After decades of progress, now is not the time to slow down our efforts to lift people up.
As we're about to mark #EndPoverty Day, the world must prioritize this urgent mission.
I've just done the annual update of the curated posts on the Development Impact blog:
1) Technical topics and methods for experiments and non-experimental analysis, and how to publish 1/3 (blogs.worldbank.org/en/impactevalu…)
INCREDIBLE VICTORY! 🤩 It’s #gold for Belgium! 🇧🇪
Congratulations to Remco Evenepoel who takes victory in the cycling men’s road race. 🚴♂️
He’s made Olympic history as the first male athlete to take gold in both the time trial and road race at the same Olympics.
@teambelgium |…
Small islands are on the front lines of climate change, rising up through digital tech, climate action and innovative finance.
Learn more about SIDS as the global #SIDS4 conference Antigua and Barbuda meets to secure a blue and green future: go.undp.org/ZJW
Do we need to revisit the basic development compact? In this blog we argue that the principles in the Paris Declaration remain relevant as ever & budget support is the instrument of choice. But without good PFM, it is unlikely to deliver. What now? 1/n
findevlab.org/news_and_event…
Thought-provoking piece by Angus Deaton, looking back at more 50 years in the economics profession. After reading, happy that I combined economics and philosophy studies :-)
imf.org/en/Publication…
On @devpolicy I review Shahrokh Fardoust, Stefan G. Koeberle, Moritz Piatti-Fünfkirchen, Lodewijk Smets & Mark Sundberg's new book in praise of budget support as a form of aid. Are they convincing? Read: devpolicy.org/budget-support…
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